Teachers Insurance & Annuity Association of America Reduces Holdings in Mid-America Apartment Communities Inc (NYSE:MAA)

Teachers Insurance & Annuity Association of America reduced its position in Mid-America Apartment Communities Inc (NYSE:MAA) by 61.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,156 shares of the real estate investment trust’s stock after selling 64,386 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Mid-America Apartment Communities were worth $4,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Mid-America Apartment Communities by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 1,833,523 shares of the real estate investment trust’s stock worth $175,217,000 after acquiring an additional 142,096 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Mid-America Apartment Communities by 47.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,003 shares of the real estate investment trust’s stock worth $656,000 after purchasing an additional 1,924 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Mid-America Apartment Communities by 281.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 58,478 shares of the real estate investment trust’s stock worth $6,394,000 after purchasing an additional 43,135 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Mid-America Apartment Communities by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 161,609 shares of the real estate investment trust’s stock valued at $17,669,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of Mid-America Apartment Communities by 4.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 17,693 shares of the real estate investment trust’s stock valued at $1,934,000 after purchasing an additional 675 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Mid-America Apartment Communities stock traded up $0.48 during trading hours on Wednesday, hitting $128.42. The company’s stock had a trading volume of 294,715 shares, compared to its average volume of 455,939. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 5.25 and a beta of 0.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.13 and a current ratio of 0.13. Mid-America Apartment Communities Inc has a twelve month low of $91.21 and a twelve month high of $129.53. The firm has a fifty day moving average of $123.85 and a 200-day moving average of $115.18.

Several equities research analysts recently commented on MAA shares. SunTrust Banks increased their price target on Mid-America Apartment Communities to $130.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank downgraded Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and cut their target price for the stock from $114.00 to $107.00 in a research note on Tuesday, July 9th. KeyCorp lifted their price target on Mid-America Apartment Communities from $112.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Tuesday, May 28th. Finally, Barclays upped their price objective on shares of Mid-America Apartment Communities from $127.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Mid-America Apartment Communities currently has an average rating of “Buy” and an average target price of $116.54.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 2,047 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $120.84, for a total value of $247,359.48. Following the transaction, the director now owns 65,240 shares of the company’s stock, valued at $7,883,601.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

About Mid-America Apartment Communities

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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Institutional Ownership by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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